Truist Financial Corp boosted its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 14.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,490,435 shares of the exchange traded fund’s stock after acquiring an additional 692,844 shares during the period. Truist Financial Corp owned about 0.72% of iShares Gold Trust worth $342,384,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in IAU. Smallwood Wealth Investment Management LLC purchased a new stake in shares of iShares Gold Trust during the 1st quarter valued at $27,000. BankPlus Trust Department purchased a new stake in shares of iShares Gold Trust during the 1st quarter valued at $27,000. Dunhill Financial LLC grew its stake in shares of iShares Gold Trust by 86.6% during the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 219 shares during the period. Garrison Bradford & Associates Inc. purchased a new stake in shares of iShares Gold Trust during the 1st quarter valued at $29,000. Finally, North Capital Inc. purchased a new stake in shares of iShares Gold Trust during the 1st quarter valued at $34,000. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Up 0.8%
Shares of NYSEARCA IAU opened at $72.77 on Wednesday. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $72.79. The firm has a fifty day moving average of $65.87 and a 200-day moving average of $63.06. The stock has a market capitalization of $55.75 billion, a PE ratio of 5.53 and a beta of 0.15.
About iShares Gold Trust
iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.
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